Please find attached Strategic Transaction Presentation
Price
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HRS Aluglaze Ltd has acquired strategic operational and technical assets from Geotrix Building Envelope Pvt. Ltd. through a slump sale for INR 6.7 Crores. The company holds 100% title ownership of these assets with zero encumbrance. A new subsidiary, Geotrix Private Limited, has been incorporated as a dedicated operating vehicle for manufacturing and installing architectural systems, façade, and glazing systems. HRS Aluglaze holds a 67% majority equity stake while technical partner Selvam Ramanathan (former VP at Permasteelisa Pacific) holds 33%. The subsidiary operates under an exclusive Strategic License Agreement valued at INR 80.4 lakhs per annum to use the HRS-owned assets.
This acquisition enables HRS Aluglaze to enter the high-value façade engineering market by combining its capital strength with technical expertise, creating a new revenue stream through the licensing arrangement while retaining majority control of the subsidiary.